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>> Gawker filing for bankruptcy Friday months after losing a $140 million lawsuit brought my former pro wrestler Hulk Hogan. It's a fate that's been looming and Gawker has been exploring a sale. In March a Florida jury ruled in favor of Hogan who'd sued Gawker for posting a sex tape of him without his permission.

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The case has been one that's pitted billionaires fighting for privacy against those looking to protect freedom of speech. In Hulk Hogan's corner funding the lawsuit has been PayPal co-founder Peter Thiel who was outed by Gawker as being gay. Meanwhile, eBay co-founder Pierre Omidyar and his First Look Media has been vocal about supporting Gawker.